APPROVAL DATE: September 04, 2017 SECTOR: Energy REGION: EGYPT

Egypt Round II Solar PV Feed-in Tariffs Program

Project Description:

Egypt Round II Solar PV Feed-in Tariffs Program (the Project) consists of 11 photovoltaic solar power plants (the Sub-projects), 9 x 50MWac and 2 x 20MWac, all to be located in the Benban Solar Park near Aswan, with an aggregate power generation capacity of 490MWac. The solar power plants will be developed by different Sponsors and all output generated will be sold to the Egyptian Electricity Transmission Company (EETC) under a 25-year Power Purchase Agreement.

Working as the core lender with co-financiers in a syndicate, the Bank may provide up to US$210 million long-term debt financing on a limited-recourse senior secured project finance basis allocated to all eleven solar power plants.

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